ADX vs CSQ: Correlation
How closely do Adams Diversified Equity Fund Inc. (ADX) and Calamos Strategic Total Return Fund - Closed End Fund (CSQ) trade together? Their weekly returns over three years give a correlation of 0.88, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADX and CSQ?
Over the past 3 years, ADX and CSQ moved with a correlation of 0.88, which is very strong, meaning they move nearly in lockstep. Lately the two have drifted apart, with the 1-year correlation at 0.74 versus 0.88 over 3 years. Over 5 years the correlation is 0.86, and the annualized covariance of weekly returns is 258.4 %².
Few assets follow ADX as closely as CSQ, which ranks #2 of 12 tracked partners. On 12-month performance ADX holds a 8.1-point edge, +29.5% against +21.4%.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
ADX vs CSQ: side by side
| ADX (Adams Diversified Equity Fund Inc.) | CSQ (Calamos Strategic Total Return Fund - Closed End Fund) | |
|---|---|---|
| 1-year return | +29.5% | +21.4% |
| 5-year return | +88.9% | +64.2% |
| Volatility (ann.) | 15.7% | 18.8% |
| Beta vs S&P 500 | 0.96 | 1.22 |
| Max drawdown (3Y) | -18.3% | -24.2% |
| Market cap | $3.3B | $3.4B |
| P/E (trailing) | 5.3 | 3.2 |
| Dividend yield | 7.26% | 2.95% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ADX | CSQ |
|---|---|---|
| 2022 | -19.8% | -24.2% |
| 2023 | +31.5% | +20.9% |
| 2024 | +28.3% | +28.2% |
| 2025 | +26.0% | +16.3% |
| 2026 | +18.5% | +14.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADX and CSQ good diversifiers for each other?
Not really. At 0.88, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between ADX and CSQ?
The ADX/CSQ correlation stands at 0.88 on a 3-year window (1 year: 0.74, 5 years: 0.86), computed from weekly returns as of 2026-08-27.
Is CSQ a good diversifier for ADX?
Not really. At 0.88, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.88 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/adx-vs-csq.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/adx-vs-csq/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ADX correlations · CSQ correlations
